Franklin Covey Sees Unusually Large Options Volume (FC)

Franklin Covey Co. (NYSE:FC) was the recipient of some unusual options trading on Wednesday. Stock investors acquired 8,637 call options on the company. This represents an increase of approximately 6,544% compared to the average daily volume of 130 call options.

A number of research analysts have recently weighed in on FC shares. Zacks Investment Research lowered Franklin Covey from a “hold” rating to a “sell” rating in a research report on Monday, November 13th. B. Riley reiterated a “buy” rating and issued a $21.00 price target on shares of Franklin Covey in a research report on Tuesday.

In other news, Director Joel Clinton Peterson sold 1,793 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $19.13, for a total transaction of $34,300.09. Following the completion of the transaction, the director now owns 223,487 shares in the company, valued at $4,275,306.31. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 33.50% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company grew its position in Franklin Covey by 9.0% in the second quarter. The Manufacturers Life Insurance Company now owns 8,948 shares of the business services provider’s stock worth $172,000 after acquiring an additional 740 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Franklin Covey by 59.0% during the third quarter. Wells Fargo & Company MN now owns 11,011 shares of the business services provider’s stock valued at $223,000 after buying an additional 4,087 shares during the period. California Public Employees Retirement System boosted its position in shares of Franklin Covey by 30.8% during the second quarter. California Public Employees Retirement System now owns 13,592 shares of the business services provider’s stock valued at $262,000 after buying an additional 3,200 shares during the period. Teachers Advisors LLC boosted its position in shares of Franklin Covey by 13.0% during the second quarter. Teachers Advisors LLC now owns 19,159 shares of the business services provider’s stock valued at $370,000 after buying an additional 2,211 shares during the period. Finally, New York State Common Retirement Fund boosted its position in shares of Franklin Covey by 18.1% during the second quarter. New York State Common Retirement Fund now owns 21,181 shares of the business services provider’s stock valued at $409,000 after buying an additional 3,250 shares during the period. Institutional investors own 50.19% of the company’s stock.

Franklin Covey (FC) opened at $24.80 on Friday. The company has a market capitalization of $339.83, a PE ratio of -47.69 and a beta of 0.82. Franklin Covey has a 12-month low of $15.20 and a 12-month high of $25.35. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.14 and a quick ratio of 1.10.

Franklin Covey (NYSE:FC) last released its quarterly earnings results on Thursday, January 4th. The business services provider reported ($0.17) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.33) by $0.16. The company had revenue of $47.90 million during the quarter, compared to analyst estimates of $43.47 million. Franklin Covey had a negative return on equity of 5.50% and a negative net margin of 3.87%. The firm’s revenue was up 20.4% on a year-over-year basis. During the same quarter last year, the business posted ($0.29) earnings per share. analysts expect that Franklin Covey will post -0.25 EPS for the current year.

TRADEMARK VIOLATION WARNING: “Franklin Covey Sees Unusually Large Options Volume (FC)” was reported by American Banking News and is owned by of American Banking News. If you are viewing this article on another domain, it was illegally copied and republished in violation of international copyright legislation. The correct version of this article can be accessed at https://www.americanbankingnews.com/2018/01/06/franklin-covey-sees-unusually-large-options-volume-fc.html.

About Franklin Covey

Franklin Covey Co is a global company specializing in performance improvement. The Company’s segments are Direct Offices, Strategic Markets, Education practice and International Licensees. The Direct Offices segment consists of its geographic sales offices that serve the United States and Canada, its international sales offices located in Japan, the United Kingdom and Australia, and its public programs group.

Receive News & Ratings for Franklin Covey Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franklin Covey and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply